Month: June 2022

Nigeria’s import from China rose by 183.91% from N530.98bn in the first quarter of 2018 to N1.51tn in Q1 2022.…

35% of workers across the globe are planning to ask their employer for a pay raise. This will be in…

Lululemon Athletica Inc (LULU.O) and H&M Group (HMb.ST) are among backers of a $250 million fund. Aiming to speed up…

Operators in the oil and gas sector and stakeholders are uncomfortable with the continued rise in Petrol. The cost of…

Canadian heavy crude is finally trading like a “North American” grade, moving in tandem with U.S. sour crudes sold on…

Barite or Barytes is a naturally occurring mineral made of barium sulphate and the source of the element barium. It…

Tesla was proceeding with an online hiring event in China and added two dozen new job postings for the country.…

Manufacturing companies have said they cannot access loans at the Central Bank of Nigeria’s 5% lending rate under its intervention…

FirstBank has said it is partnering with the ELOY Foundation to launch the ELOY Foundation Business Shower. This supports female…

Neveah Limited, exporter of Agro-commodities and solid minerals company. The company announces redemption of its N2.7bn Series 1 Commercial Paper…

Oil prices hovered near three-month highs on Thursday after parts of Shanghai imposed new COVID-19 lockdown measures. Brent crude futures…

Electricity distribution companies’ customer registration exercises have been stagnant at 10 million for the past two years. Further findings also…

Nigeria’s total public debt stock increased to N41.60tn in the first quarter of 2022 from N39.56tn as of December 2021.…

The Federal Operations Unit, Zone A, the Nigeria Customs Service, has arrested 14 suspects. All in connection with seized 9,917…

Africa: Ghanaian inflation rate drops for the 3rd month to 10.1%. Ghana’s cedi becomes investors’ best choice ahead Nigeria’s naira.…

Shell, the oil and gas firm, inaugurated the second and final phase of its healthcare projects. Launching in Oloibiri and…

Alok Gupta, the Managing Director of the African Industries Group, says that Nigeria needs to develop its large steel deposits.…

Mudassir Amray has emerged as the new chief executive officer of Union Bank. He became the CEO of Titan Trust…

The Coca-Cola Foundation has awarded a grant to the Growing Business Foundation to strengthen Nigeria’s plastic waste management value chain.…

The Metaverse space remains the best performer in terms of price appreciation. Despite the market downturn, they are vastly outperforming…

Listed on the Fintech 50 list of 2022 by Forbes are Chipper Cash and Esusu, two African-owned startups. Esusu, co-owned…

Qatar has picked Exxon Mobil Corp, Total Energies SE (TTEF. PA), Shell (SHEL. L), and ConocoPhillips (COP. N). These companies…

The World Bank on Tuesday slashed its global growth forecast by nearly a third, to 2.9% for 2022. Russia’s invasion…

From N189.50 billion to N387.19 billion, Nigerians spent 387.19 percent more on electronic bills including power and other utilities. In…

China’s exports are expected to have expanded at a faster pace in May as factories reopened. While imports also likely…

The Reserve Bank of Australia has announced the greatest single hike in the cash rate in 22 years as it…

Amazon’s (AMZN.O) stock split may provide some solace to shareholders who have seen the e-commerce giant’s shares battered this year.…

The dollar rose for a second day versus the yen, hitting a new two-decade high, as concerns about rising inflation…

With the signing of a Memorandum of Understanding to offer electric buses for citizens of Lagos, the Lagos Metropolitan Area…

The Interim Administrator, Presidential Amnesty Programme, Col. Milland Dixon Dikio (retd), has called on contractors engaged by the scheme to…